Word: mp3s
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They wish. Stung by the seismic popularity of a standard known as MP3, the recording industry has been fighting back. But they're hardly in time. Scores of pirate MP3 sites have sprung up online where anyone can download near-CD quality music for free. MP3s are so popular that Diamond Multimedia, a consumer electronics company popular for its video cards, began selling a $199 Walkman-like player, the Rio, that plays the Net tunes. The Recording Industry Association of America filed a lawsuit against the company, attempting to immediately prevent it from selling the device, but a judge...
...more on MP3s, see time.com/personal on the Web. See Josh or Anita Hamilton on CNNfn Wednesdays at 7:30 p.m. E.T. E-mail Josh at jquit@well.com
...response to a frequently asked question about the legality of these files, a current Web site devoted to MP3s states: "It's legal if you encode MP3s from your own CDs and keep them to yourself. But it's illegal to encode MP3's and trade them with others." The Web site's address is http://www.MP3.com...
...record companies find it much easier to target students because they know that they will be disciplined by their respective universities. Many of the companies on the Internet that also distribute MP3s are much harder to locate and punish...
...also thinks that MP3s have a bright future as long as they are modified by record companies and distributed legally...